- Denmark -
Bluetown reports DKK 46m loss in 2017 and looks for new investor (Borsen)
Bluetown provides solar powered wifi hot-spots in third world countries and has reported losses of more than DKK 120m over the last five years. CEO Peter Ib explains: “We are building a global company that operates in very large markets. It requires major investments”. Bluetown is now looking for a new major investor and are currently in dialogue with a Middle East fund according to Borsen.
M&A advisory firm Clearwater lands DKK 54m profit in 2017 (Borsen)
The market for corporate finance advisory is hot and has contributed to the second best profit in Clearwater’s history. The company was most recently the advisor on the the sales process of Danish bed-sheet manufacturer Dyson. Deals in 2017 also included PE firm Catterton's acquisition of Ganni, the merger of Transcargo and Freja and the acquisition of Sofakompagniet by Procuritas
- Sweden -
Catena Media looking for acquisitions in the United States (Dagens Industri)
Catena Media entered the US in 2016 and are now looking for acquisitions following legal deregulations within the online gambling industry. Catena Media is a performance marketing company that focuses on lead generation for online gambling and financial services. A part of this motivation for the upcoming acquisitions is centered around a US Supreme Court's announcement of potentially allowing online sports gambling across America and the fact that several states including New York are looking into the possibility of legalizing online casinos by 2018.
- Norway -
Polaris Media acquires stake in Shibsted’s logistics company HHN (Hegnar)
Polaris Media acquires 34 percent stake in Shibsted's wholly owned Helthjem Netthandel (HHN) for a yet unknown amount. HHN sells solutions for distribution of goods traded online through a network of distribution companies. The new ownership is a part of a joint strategy to become a leading e-commerce logistics player on the Norwegian market. HHN reported a NOK 4.2m operating loss in 2017.
VirtualWorks Group Merges Two Subsidiaries to Become Ayfie Group (E24)
The merging of the two entities is a strategic business decision to create an all-encompassing search and text analysis solution. By doing so, Ayfie combines linguistic skills and machine learning with VirtualWorks' search technology. Ayfie Group is aiming for an IPO in the end of 2018 or early 2019 according to CEO Erik Baklid.
- Finland -
No news to report